Financial independence: essential planning for women during Women’s Month

As South Africa marks Women’s Month, attention is turning not only to the resilience and influence of women, but also to the financial challenges they continue to face. From longer life expectancy and income inequality to the pressures of single parenthood, women are often required to stretch their resources further and plan more strategically for the future.

To help address these realities, two Certified Financial Planners from Doshguide, South Africa’s subscription-based, flat-fee personal finance platform, have shared practical advice tailored specifically for women.

“Women live longer than men, earn less income, and are more likely to be single parents,” says Gugu Sidaki.

“We therefore have to be more intentional about how we look after our money, to ensure we don’t find ourselves on the back foot," she says.

Sidaki urges women to start saving and investing early, and to embrace growth assets like equities and listed property. “Time is one of the most powerful tools in building wealth,” she adds.

Marc Sydow says money should be seen as a tool to build the life one wants. “This approach creates clarity but also reduces anxiety during life’s inevitable transitions, whether that’s a career shift, divorce, motherhood, or retirement,” says Sydow.

He encourages women to ask questions and seek advisors who listen and build trust. “True empowerment comes from clarity,” he says.

Doshguide founder Rory Brachner believes financial planning should be rooted in values, not commissions. “By starting early, aligning money with personal values, and working with advisors who take a holistic view of your life, women can take charge of their financial journeys and thrive at every stage".

PERSONAL FINANCE